Market News
Half of Hungarians are bargain hunters
An online Nielsen survey with more than 30,000 participants in more than sixty countries has revealed that 48 percent of Hungarian consumers are happy to do some bargain hunting. In...
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Kőröstej Kft. Launching the flavoured versions of Hajdú grill cheese
Hajdú grill cheese products appeared on store shelves in a new packaging in June 2014. In March 2015 the ‘New Flavours Vote’ campaign started in social media: consumers could have...
Read moreWine price fluctuation
In the first half of the year domestic wine wholesale was characterized by subtle changes in prices. According to the sales volume data of the Agricultural Research Institute, the domestic...
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Despite the Russian export ban, EU dairy exports may increase in the region
The coming weeks probably will not produce significant changes on the dairy market. The European Commission in its July short-term view reveals that the global oversupply and price pressure from...
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The number of cows sent to slaughter more advanced in Europe
The milk producers of the countries joined to the EU later certainly hope for resolving the crisis of milk overproduction. According to Eurostat, the slaughtering of cows increased by six...
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Hungarian Horticultural Propagation Office plans to sell about 200 thousand grafts
The Hungarian Horticultural Propagation Office (MKSZN) Ltd. is preparing for the next fruit grafts sales season. The state-owned company plans to sell about 200 000 grafts in the autumn of...
Read moreKSH: 142 thousand more workers than a year ago
The number of employees in April-June was 4 343.700, 142 more than the year before – the Central Statistical Office (KSH) announced on Thursday. Among the employees 4 304.500 belonged...
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Six tons of Vojvodina wheat for the Bread of the Hungarians
The wheat collection days for the Bread of the Hungarians program has started In Zenta, for example, more than six tons of wheat was donated by the region's producers. Within...
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Reverse economic sentiment in the EU and in the euro zone
Economic sentiment improved slightly in the euro zone in July and decreased in the European Union – according to the Thursday published survey of the European Commission's Directorate-General for Economic...
Read moreWheat harvest has been completed
Wheat harvest almost completed in the country. Due to bad weather, the farmers are still working on 1-2 percent of the area – the President of the National Association of...
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Another important step against illegal seed market
The Seed Association Interprofessional Organization and Marketing Board considered it important that the Ministry of Agriculture requires a serial number indicating official registration when marketing vegetable seeds. Another serious step...
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One hundred percent subsidized loans to farmers who were affected by spring frost damage
Those farmers whose lands were hit by frost in April this year may claim for an up to 500 thousand HUF interest rate and cost-free credit per hectare – the...
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Nébih: half a ton of meat was seized in a meat shop in Hold Street Market
Half a ton of unmarked illicit frozen meat was seized by the National Food Chain Safety Office’s (NÉBIH) staff in a meat shop in the capital's Hold Street Market. The...
Read moreThe orders of durable goods in the USA decreased in June
The orders for durable goods, such as cars, airplanes and computers, dropped 4 percent to 219.8 billion USD after slipping 2.8 percent in May, the Commerce Department said Wednesday. Commercial...
Read moreTesco sells Kipa
Tesco has decided to sell Turkey’s market leader retail chain Kipa, in which the British retailer has a 95.5-percent share. Tesco is expected to get GBP 30 million for their...
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International Taste & Quality Institute
The International Taste & Quality Institute (iTQi) gave three gold stars to Veritas Gold’s natural mineral water and rewarded BUSZESZ Zrt.’s Chef apple cider vinegar with two gold stars at...
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The reduction of poultry VAT may bring expanding consumption
Poultry meat consumption may increase by up to five percent, in the beginning of next year, due to the reduced VAT – Poultry Product Council’s Director believes. Csorbai Attila believes...
Read moreImproved business and consumer confidence
The business activity index of GKI improved in July. According to the survey, both business and consumer expectations have improved, but are still slightly below the high level at the...
Read moreThe NAV found forty million HUF worth contraband cigarettes in Szabolcs County
The staff National Tax and Customs Office (NAV) found forty million HUF worth contraband cigarettes in a property in Szabolcs-Szatmár Bereg County. Suller György Attila the press officer of the...
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CNG filling station network can be built in Hungary
In the next two years, 39 new CNG (compressed natural gas) filling stations can be built in Hungary. The Hungarian Gas Transport Cluster Association (MGKKE) told that 39 new CNG...
Read moreConsumer confidence decreased in the USA
Conference Board economic research institute’s consumer confidence index fell slightly in July, but became better than expected. In July, the consumer confidence index fell to 97.3 points, from June’s 97.4...
Read moreGerman economy continues to perform well
Markit Economics Institute’s German Purchasing Managers' Index (PMI) for July became better than expected. It has risen up to this year’s highest value in July. The preliminary value of the...
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Zwack satisfied with results
Despite the introduction of the public health product tax (NETA) in the spirits market last year, 225-year-old Zwack Unicum Nyrt. had a successful year – stated a press release by...
Read moreKSH: retail trade grew 6.8 percent in May
In May, the volume of retail turnover – according to the raw data – increased by 6.8 percent. According to the calendar effects adjusted data the increase was 5.7 percent,...
Read moreLast year, consumers spent one in four HUF on own branded products
According to the latest data of GfK’s annual Brand Analysis, last year the market share of own branded products of the commercial chains increased slightly after five years of stagnation....
Read moreNGM: retail sales increase since nearly three years
Retail sales grow for nearly three years. The growth that lasts for 35 month may remain permanently high this year, due to, inter alia, employment expansion, the rapidly rising wages,...
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Less melons may be imported this year
After the previous years, this year's market was more favorable to producers, but the fruit will be more expensive than last year – Népszabadság Online wrote. Oravecz Tamás, president of...
Read moreThe farmers need to prepare to convert the support system
One of the biggest challenges in the coming years is to help farmers to prepare for the significant transition of the support scheme after 2020. One of the most important...
Read moreGE: the majority of Hungarian companies can not adapt to the speed of technological progress
According to 80 percent of the interviewed executives in Hungary in charge of innovation – (81 percent worldwide) industrial digital technologies in the next 10 years will radically transform the...
Read moreThe ekáer filters more efficiently from 1 August
The electronic road freight traffic control system (ekáer) will filter more efficiently from 1 August. After the National Assembly had refined the rules of the system, on the basis of...
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